The cryptocurrency market has bounced back after starting the day in the red, with Bitcoin (BTC) , Ethereum (ETH) , Ripple (XRP) , and other coins trading in positive 0 briefly slipped below the $110,000 mark on Tuesday but bounced back to reclaim $113,000, reaching an intraday high of $113,514. It lost momentum after reaching this level and dropped to $112,076 before recovering and moving to its current 1 flagship cryptocurrency is up nearly 1% over the past 24 hours, trading around $112,450. Meanwhile, ETH made a stronger recovery, rising over 3% to reclaim $4,100 and move to its current level of $4,122. Ripple (XRP) is up 1.50%, while Solana (SOL) is up almost 5%, having reclaimed $200 and trading around $205.
Dogecoin (DOGE) is up 3%, while Cardano (ADA) is up over 3%, trading around $0.702. Chainlink (LINK) is up 2.61%, while Stellar (XLM) is up over 3%, trading around $0.338. Hedera (HBAR) , Litecoin (LTC) , Toncoin (TON) , and Polkadot (DOT) have also registered a sharp increase as markets 2 Seizes $15 Billion In Bitcoin (BTC) The United States Department of Justice (DOJ) has seized $15 billion in Bitcoin (BTC) from a “pig butchering” 3 are calling the forfeiture the largest in US 4 prosecutors unsealed an indictment on Tuesday, charging Chen Zhi, a Chinese national who holds several 5 is the mastermind behind the Cambodia-based Price Group, one of the country’s largest conglomerates, with money laundering conspiracy and wire fraud 6 Treasury Department also sanctioned several affiliates of the Prince Group and designated them as criminal 7 crackdown comes amid growing cases of the “pig butchering” scam, costing Americans 8 confirmed the seizure of 127,271 BTC, valued at $15 billion at current 9 Raia, assistant director in charge of the FBI’s New York field office, said it is one of the largest pig butchering scams they have investigated.
“The scams are 10 FBI is focusing on the biggest cases to try to stop the harm. It’s kind of like 11 can’t arrest their way out of the 12 FBI is focusing on the biggest cases to cut off the head of the snake.” Dow Jones Falls 500 Pts As Trade Tensions Spike The Dow Jones Industrial Average fell 500 points as stocks dropped, thanks to growing trade tensions between the US and 13 benchmark S&P 500 fell 1.3%, while the tech-heavy Nasdaq Composite dropped 2%. US stocks started the week in positive territory after Friday’s rout. However, investor sentiment soured after China retaliated against US tariffs, leading to concerns about an escalation of the trade war between the two largest 14 Trump has accused China of trying to disrupt the global economy through export controls on rare earth and other crucial minerals.
Meanwhile, China countered, calling the restrictions 15 chief executive officer Jamie Dimon stated, “The 16 remained resilient in the quarter. However, significant risks persist — including from tariffs and trade uncertainty, worsening geopolitical conditions, high fiscal deficits, and elevated asset prices.” BlackRock CEO Calls Tokenization A “New Wave Of Opportunity” BlackRock CEO Larry Fink expects traditional finance assets to move towards a tokenized version of themselves over the next few 17 stated that he views tokenizing all assets as the next major move for the world’s largest asset manager and a good opportunity to onboard more 18 stated, “If we can tokenize an ETF, digitize that ETF, we can have investors who are just beginning to invest in markets through, let’s say, crypto, they’re investing in it, but now we can get them into the more traditional long-term retirement 19 look at that as the next wave of opportunity for BlackRock over the next tens of years, as we start moving away from traditional financial assets by digitally reporting them and having people stay in that digital ecosystem.” However, Fink added that tokenization was still in its infancy and had room to expand into several other sectors.
“I do believe we’re just at the beginning of the tokenization of all assets, from real estate to equities, to 20 the board.” Fink was initially a crypto skeptic, calling the industry an index of money laundering in 2017 and doubling down on his position in 2018, adding that none of his clients wanted to invest in crypto. However, Fink conceded that while he was a critic in the past, his stance on crypto has 21 this week, the BlackRock CEO said he believes cryptocurrency will play a crucial role in a diversified investor portfolio. “There is a role for crypto in the same way there is a role for gold; it’s an 22 those looking to diversify, this is not a bad asset, but I don’t believe it should be a large part of your portfolio.” Bitcoin (BTC) Price Analysis Bitcoin (BTC) is struggling to regain momentum after registering another substantial decline on 23 flagship cryptocurrency ended the weekend in positive territory, rising nearly 4% on Sunday and settling at $115,067.
The price faced volatility on Monday as buyers and sellers struggled to establish 24 ultimately gained the upper hand as BTC registered a marginal increase and settled at $115,274. The price fell to an intraday low of $109,945 on Tuesday as selling pressure 25 recovered from this level to reclaim $113,000 and settle at $113,068, ultimately dropping 1.91%. BTC is marginally up during the ongoing session, trading around $113,078. While investors are still rattled, trading activity is showing signs of recovery.
BTC’s 24-hour spot volume rose 35% to $90 billion, while derivatives turnover rose nearly 40% to $144 billion, according to data from CoinGlass. However, open interest (OI) fell roughly 2% to $72.5 billion, indicating that traders are closing leveraged positions rather than opening new 26 this soothes volatility in the short term, it leaves markets vulnerable to sudden 27 Trump has intensified trade tensions with China after threatening to ban the import of cooking oil from Beijing in response to the latter’s ongoing boycott of US 28 Trump’s latest threat came after weeks of tariffs, threats, and countermeasures had escalated concerns about a full-blown trade war between the US and 29 latest salvo unsettled already jittery markets, with stocks, commodities, and cryptocurrencies registering sharp 30 a result, the Nasdaq fell 3.5% as investors turned to safer assets like gold and US Treasuries.
BTC, often viewed as a “risk-on” asset, fell with the traditional 31 renewed uncertainty comes after last week’s market crash, which saw over $19 billion in crypto long positions liquidated in 24 32 $600 million was liquidated the following day as traders unwound risk. Meanwhile, veteran trader Peter Brandt believes BTC could reclaim previous levels, even its all-time high, but only after another major 33 stated, “Either a huge shakeout, which would be confirmed by an ATH quickly within the next week or 34 a violation of the parabola, which every time in the past has produced a 75% price decline. I think the day of the 80% decline is over, but perhaps back to $50-60,000 and test the lower skin of the banana.” However, he acknowledged there could be a bearish outcome as well.
Meanwhile, Capriole Investments founder Charles Edwards stated that traders must be careful with leverage and acknowledge long-term risks. “If anything, this weekend was a reminder that you have to be so careful with leverage, and even multiples above 1.5x are 35 do, and you need to always consider multi-year, long-term risk.” However, he added that the weekend volatility was temporary and that the market outlook for the upcoming weeks was 36 traded in bullish territory last week, and began the previous week with a 1.41% increase to $122,318. The price registered a marginal rise on Saturday before reaching an intraday high of $125,750 on 37 ultimately ended the weekend at $123,520, up 0.87%.
Buyers retained control on Monday as the price rose 0.97% and settled at $124,720, but not before reaching an intraday high of $126.296. BTC lost momentum on Tuesday, falling almost 3% to $121,393. The price recovered on Wednesday, rising nearly 2% and settling at $123,343. Selling pressure returned on Thursday as BTC fell 1.32% to a low of $119,713 before settling at $121,714.) Price Analysis Ethereum (ETH) has rebounded during the ongoing session, rising nearly 1% and trading around $4,155.
The altcoin started the week in positive territory, rising over 2% to cross $4,200 and settle at $4,244. However, selling pressure returned on Tuesday as the price fell to a low of $3,895 before recovering to reclaim $4,000 and settle at $4,129, ultimately dropping nearly 2%. Although ETH is struggling to regain momentum and reclaim lost levels, BitMine Immersion Chairman Tom Lee and BitMEX founder Arthur Hayes have doubled down on their prediction that ETH will reach $10,000 by the end of the 38 prediction comes despite Friday’s market crash and the fact that there are fewer than three months left for the year to 39 stated during a podcast, “For Ethereum, somewhere between $10,000 and $12,000.” Hayes, who appeared on the same podcast, stated that he will stick to his $10,000 40 added that a significant rally to $5,000 won’t signal excessive market froth because ETH has been consolidating within range since hitting its all-time high in 2021.
“Ethereum’s basically been basing for four years now, just broke out of the range, so to me, it wouldn’t be a blow off top, but rather seeking essentially price discovery at a new level.” Sorare CEO Nicolas Julia is also bullish on Ethereum despite the fact that the fantasy sports platform is migrating to Solana, a transition he called an “upgrade.” Julia explained that Solana is the most viable chain for the platform as it leads the fantasy crypto vertical in daily revenue. Meanwhile, institutions and institutional investors have paused their crypto accumulation spree in light of recent market 41 to data from Lookonchain, Grayscale made substantial deposits of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), in a move that could be a major 42 to Lookonchain, Grayscale has deposited 1,856 BTC, 29,718 ETH, and 10,516 SOL, collectively worth about $358 43 started the previous weekend in positive territory, registering a marginal increase on Friday.
However, it fell 0.55% on Saturday and settled at $4,487. Positive sentiment returned on Sunday as the price rose 0.62% to reclaim $4,500 and settle at $4,515. Buyers retained control on Monday as ETH rose almost 4% to cross $4,600 and settle at $4,685. Despite the positive sentiment, the price fell by over 5% on Tuesday, settling at $4,451.
ETH recovered on Wednesday, rising 1.68%, but was back in the red on Thursday, dropping 3.47% and settling at $4,369.) Price Analysis Solana (SOL) reclaimed $200 on Tuesday despite plunging to an intraday low of $191. The altcoin started the week in positive territory but fell 2.99% on Tuesday, dropping to $191 before reclaiming $200 and settling at $202. SOL is marginally up during the ongoing session, trading around $204. Demand for leveraged bullish positions is muted, with the perpetual futures funding rate hovering around 0%.
The indicator generally ranges between 6% and 12% under normal market conditions. SOL’s funding rate before Friday’s crash was around 4%, already below the neutral 44 the funding rate drops to negative, it indicates that short sellers are dominating the market. However, such a scenario rarely lasts because of the cost of maintaining the bets. However, the ongoing strain in SOL’s derivatives market mirrors the damage caused by Friday’s crash.
Solana’s on-chain metrics also reveal a lack of bullish 45 activity has struggled to regain momentum since the memecoin frenzy at the beginning of 46 Solana blockchain has also seen its lead in decentralized exchanges drop, as competitors gain market 47 started the previous weekend in the red, dropping nearly 1% on Friday and over 2% on Saturday to settle at $227. The price recovered on Sunday, reaching an intraday high of $237 before settling at $238. Buyers retained control on Monday, rising almost 2% and settling at $232. Despite the positive sentiment, SOL returned to bearish territory on Tuesday, dropping over 5% to $220.
Despite the overwhelming selling pressure, the price recovered on Wednesday, rising over 4% to $229. Selling pressure returned on Thursday as SOL fell 3.52% to $221.) Price Analysis Dogecoin (DOGE) ended the previous weekend in positive territory, rising 0.92% to $0.252. Buyers retained control on Monday as the price rose over 5% and settled at $0.265. Despite the positive sentiment, DOGE was back in the red on Tuesday, falling over 7% and settling at $0.246.
The price recovered on Wednesday, rising 3.40% and settling at $0.255. Selling pressure returned on Thursday as DOGE fell over 2% and settled at $0.249. DOGE plunged to an intraday low of $0.096 on Friday as the market crashed. However, it recovered from this level and settled at $0.194, ultimately dropping 22%.) Price Analysis Bittensor (TAO) started the previous week positively, rising over 9% to settle at $344.
However, selling pressure returned on Tuesday as the price fell nearly 4% and settled at $331. Positive sentiment returned on Wednesday as TAO rose over 2% to $338. The price continued pushing higher on Thursday, rising 2.47% and settling at $346. The price plunged to an intraday low of $140 on Friday as markets tanked.
However, TAO recovered from this level to reclaim $200 and settle at $291, ultimately dropping 15.78%.
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